Bid to oust Morupisi at BPOPF fails

Friday, December 22, 2017

An attempt to remove Permanent Secretary to the President (PSP), Carter Morupisi as chairperson of the Botswana Public officers Pension Fund (BPOPF) over potential conflict of interest concerns failed on Tuesday after fellow board members from government blocked the motion.

The motion to oust the chairperson at Tuesday’s board meeting was driven by recently surfaced allegations that Morupisi has a beneficial interest in Capital Management Botswana (CMB), an asset management company that won P830 million in tenders from the BPOPF.

Relations have since soured between BPOPF and CMB after the former terminated the contract and asked for its money back.

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